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To: carranza2 who wrote (87623)3/1/2012 2:19:37 AM
From: elmatador
   of 108056
 
The “tyranny” of US peer-reviewed journals

February 29, 2012 11:59 am by Andrew Hill

David Willetts, Britain’s universities minister, has a bee in his two-brained bonnet about flawed incentives for British business academics.

Prestige in business schools comes from doing research and being published in peer-reviewed journals, he told an audience of managers, academics and members of parliament in London on Tuesday, launching a discussion of whether poor management is holding back growth. It’s a theme he’s touched on before in relation to wider scientific and academic research. Mr Willetts says that as the lead journals are US-based, they tend to be interested in sophisticated analysis of historical, mainly American, industry data:

We’re rewarding British academics and British business schools for analysing American industries… It’s not at all clear to me that this the right set of incentives.

This has an unwelcome tinge of nationalism but it is hard to argue with the underlying point.

This month, Harvard Business Review – perhaps the best-known conduit for readable distillations of such peer-reviewed research – has majored on “ Reinventing America“, feeding off the business school’s analysis of the challenges facing the US economy. The project is “animated by a core belief that American competitiveness is not just good for the United States”, editor-in-chief Adi Ignatius writes. As I’ve said before, this may be true, but the initiative leaves no doubt that Harvard Business School sees nurturing its US economic roots as a vital part of its mission.

Even assuming the incentives can be recast, however, and British business academics can somehow – in the minister’s words – “break free from the tyranny of peer-reviewed journals”, it will be hard for them to reverse history. Leading UK business schools rightly pride themselves on their global intake of students and academics. They would be better building on their headstart in the analysis of fast-growing economies outside the US.

I think Mr Willetts is on stronger ground when he takes issue with the “rarefied and recherché”nature of much business research – and the way that detracts from practical management development teaching, the theme of a new Chartered Management Institute study released for Tuesday’s event.

This is a view shared, for example, by US business thinker Gary Hamel, whom I interviewed last week (the full interview will appear on Monday). For Mr Willetts and British business schools, a virtuous circle of practical research, teaching excellence and copious outside funding must be the holy grail.

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To: Threshold who wrote (87621)3/1/2012 3:31:46 AM
From: elmatador
1 Recommendation   of 108056
 
Don't listen. He is crazy but is of the good kind.

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From: elmatador3/1/2012 3:34:02 AM
   of 108056
 
Has the United States lost its competitive edge? Have decades of outsourcing and downsizing drained the nation of its ability to innovate and grow? And if so, what on earth can we do about it?

hbr.org

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To: carranza2 who wrote (87584)3/1/2012 8:16:54 AM
From: carranza2
   of 108056
 
As Gomer Pyle would say "Surprise, surprise!" no credit event for the greek haircut.

Safest bet in the Universe.

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From: KyrosL3/1/2012 9:17:00 AM
   of 108056
 
China's Share of Reserves in U.S. Dollar Dives

By TOM ORLIK

BEIJING—China has made a sharp shift away from purchases of U.S. securities, slashing the dollar's share of the country's foreign reserves in what may signal a change in strategy for managing the massive cash pile, Dow Jones calculations indicate.







The portion of China's reserves parked in the U.S. appears to have sunk to a decade-low 54% as of end-June from 65% in 2010 and 74% in 2006, according to the Dow Jones calculations. The calculations are based on data on China's holdings of U.S. securities from an annual U.S. Treasury survey, and China's own data on the value of its foreign-exchange reserves.

The exact allocation of China's $3.2 trillion reserves—by far the world's biggest war chest—has always been a mystery. But the Treasury survey provides the best guide as to how much the State Administration of Foreign Exchange— the organization charged with managing those reserves—has invested in dollar assets.

Given the size of China's reserves, and the growing global importance of the world's second-biggest economy, Beijing's allocation of its reserves is both a key political issue and a potentially huge factor for foreign-exchange and sovereign-debt markets.

The U.S. data show China's holdings of U.S securities edged up $115 billion on-year to $1.726 trillion at the end of June, but this equates to a much smaller share of the total, as China's reserves were growing rapidly during the period. The purchases of U.S. securities equaled just 15% of the growth in China's reserves, a substantial fall from 45% in 2010 and an average of 63% over the last five years.

Calculating the dollar's share in the allocation of flows into China's reserves is complicated by the impact of currency movements on the value of China's reserves. But even accounting for valuation effects, the downshift in dollar purchases appears pronounced.

The new numbers lend credibility to hints from Chinese and European government officials over the last two years that Beijing is ramping up its purchases of European sovereign debt. In February, speaking at the EU-China summit, Premier Wen Jiabao said, "Europe is a main investment destination for China to diversify its foreign-exchange reserves."

As the euro-zone crisis rumbles on, it suggests that funds from China's reserves could be a critical factor in keeping a lid on rising bond yields in the debt-ridden euro-zone periphery, and in funding Europe's bailout facilities.

Analysts caution that the U.S. data need to be taken with a grain of salt. The Treasury International Capital system collects data on millions of records to calculate foreign holdings of U.S. securities. But correcting for biases in the data, in particular correctly identifying country ownership of securities held in custody in third countries, is difficult. Typically the result of this bias is to underestimate China's holdings of Treasurys.

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From: average joe3/1/2012 9:41:40 AM
1 Recommendation   of 108056
 
Google, Facebook revamp advertising tactics
IAIN MARLOW

TECHNOLOGY REPORTER

Last updated Wednesday, Feb. 29, 2012 7:33PM EST



CEO of Google Inc. Eric Schmidt waves during a conference at the Mobile World Congress in Barcelona, Spain. (Manu Fernandez/AP)

Two of the world’s biggest technology companies are bolstering their efforts to harness personal data in the intensifying fight for online advertising revenues.

Google Inc. and Facebook Inc. this week unveiled new ways to pull in revenues from ads targeted at users’ historical search terms, locations, messaging conversations and stated preferences.

Facebook herded Madison Avenue advertising professionals into the American Museum of Natural History in New York on Wednesday and unveiled new features for brands and corporations to reach the service’s 845 million users. The company’s famed chief operating officer, Sheryl Sandberg, revealed revamped Facebook pages and timelines that companies can use to interact innocuously with Facebook’s vast user base.

On Thursday, a new privacy policy comes into effect at Google Inc. that allows the Internet search giant to sweep together a person’s data across its various services, from YouTube to Gmail and Google +, in an effort to better target the person with ads based on their personal preferences.

Both companies are vying to be the main portal that people use to access the Web. But as users continue to leave digital traces through search histories and willingly offer up personal details through social media, the Web’s earlier advertising models continue to change. People are now spending more time online and are revealing more about themselves than ever before, and the technology world’s titans are trying to cement their dominance by outdoing each other in keeping users within the fold, for longer and in a more engaged way – and then offering up access to advertisers in ways that are transforming previous notions of online privacy.

“What Google wants to do is create a more Facebook-like experience,” says Carmi Levy, an independent Canadian technology analyst. “We spend a lot less time lingering on a Google service than on a Facebook one. We’re spending more time socializing, less time searching – and that’s a huge red flag for Google.”

For Facebook, the new changes are about taking a business model that provides users a sleek, free ecosystem in which to communicate with friends, post photos and “Like” friends’ links with a light smattering of ads and more deeply integrating companies and brands into news feeds. It was also revealed this week that the global micro-blogging service Twitter is partnering with the British firm Datasift to offer up access to its millions of users’ archived tweets for marketing purposes.

At Google, there are no drastic privacy changes: The company has long stored users’ data, and the tweaks will merely allow the company to package together disparate pieces of one person’s data to offer a fuller picture to advertisers – based on location, for example, or repeated searches for a certain product..

But for Google, the fight is more about survival – cementing its dominance in a world that is shifting toward links shared by peers via Twitter or through Facebook. Google has repeatedly failed to make its services more social, and has recently prioritized in search results Web pages shared via its new, and relatively lightly used, social media service Google +.

Google’s incoming privacy changes have also raised the ire of some privacy advocates, prompting eight bi-partisan lawmakers in Congress to send a letter to the company. In a statement, Google said the updated policy “will make our privacy practices easier to understand, and it reflects our desire to create a seamless experience for our signed-in users.”

“We’ve undertaken the most extensive notification in Google’s history, and we’re continuing to offer choice and control over how people use our services.”

Forrester Research analyst Fatemeh Khatibloo wrote in late January that Google “is making a full-court press to become the nerve centre of our digital lives” by making the experience more seamless, but noted that it is currently too complicated to opt out of the new system.

The consumer-protection-focused Federal Trade Commission does not seem to have too many qualms with Google’s new privacy policy. In an interview on C-SPAN, the commission’s chairman, Jon Leibowitz, said Google was offering a “fairly binary and somewhat brutal choice” to consumers, but said he assumed that few people would opt out.

“Google, in what it’s doing, is giving a clear disclosure,” he said. “Consumers will be able to make a choice. And maybe, by the way, you have some competition over privacy policies – which would be a good thing.”

---------------------------

A PRIVACY HOW-TO

---------------------------

What’s changing

– Google will now share your user information across its various services, including YouTube, Gmail and Google+.

– Doing that will allow Google, which profits through advertising, to more accurately target users with its ads, based on a person’s location, e-mail conversations, search history and preferences.

What’s not changing

– Ordinary users can still use Google services that don’t require a Google account, such as Google Search and YouTube.

– Google will not start selling your personal information to advertisers.

How to get around the changes

– Don’t log in with a Google account when accessing Google’s services

– Use a different browser, such as the latest Firefox version, where you can click on Tools, then Options, and then select “Tell websites I do not want to be tracked.”

– If you have a Google account, you can tweak the ads you see, at www.google.com/settings/ads; or install a browser plug-in that opts you out of Google’s advertising tracker, at www.google.com/ads/preferences/plugin.

Iain Marlow

Published on Wednesday, Feb. 29, 2012 7:26PM EST

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To: carranza2 who wrote (87628)3/1/2012 10:05:22 AM
From: The Jack of Hearts
   of 108056
 
It's the half dead .... principle means ... Greek debt is still half alive LOL

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To: elmatador who wrote (87624)3/1/2012 10:38:03 AM
From: abuelita
   of 108056
 
thank you.

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From: 2MAR$3/1/2012 11:22:55 AM
   of 108056
 
CME Group and Bank of China Announce Strategic Cooperation http://t.co/cuf7asx8 nice bounce on $GLD off $164 stabilized for now with $1725 R above

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To: 2MAR$ who wrote (87633)3/1/2012 11:56:44 AM
From: The Jack of Hearts
   of 108056
 
need more bounce to make sure gold downtrend has not resumed ??

mike gold stocks think that is coming...

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